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Treasury Minister Confirms Sale of Jersey Telecom is best for the Island

19 December 2006

Treasury and Resources Department - For immediate Release
15 December 2006

Treasury Minister Senator Terry Le Sueur today wrote to States Members with an end-of-year update on his proposals for the potential sale of Jersey Telecom.

The Senator confirmed his view following initial advice was that a sale of Jersey Telecom would be good for the company, its customers and the Island. The best form of a sale is yet to be determined and is the subject of intensive work by a team of specialists.

Commenting today, Senator Le Sueur said:

“I intend to put my detailed proposals to the States in February of next year. I am confident my advisers, in consultation with the stakeholders, will assist me in bringing forward the best option for the States to decide upon.”

- Ends -

For more information contact Senator Terry Le Sueur, Minister for Treasury and Resources, telephone 863994, or Ian Black, States Treasurer, telephone 440215.

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